
Arweave
AR#121Arweave is a network for permanent data storage: users pay once in AR, and miners are paid over time to keep the data forever.
- Market cap
- $286.92M
- Volume 24h
- $15.11M
- All-time high
- —
- Circulating supply
- 65.65M of 66M
Passes all 8 Shariah criteria.
- 8 pass
- 0 caution
- 0 fail
Verdict history
- HalalCurrent
First publication
Fundamentals, market picture and news will appear here.
Halal analysis
Can a Muslim hold Arweave?8 Shariah criteria
8 pass · 0 caution · 0 failNo interest anywhere in the protocol: miners are paid from fees, a decreasing block reward and a storage endowment that is not lent out.
Riba is interest or any guaranteed increase on a loan. Arweave miners earn a variable reward for work: new AR from a decreasing inflation schedule, part of transaction fees and, when needed, payments from the storage endowment. The endowment is a pool of AR for paying for storage, not a loan. Sharlife, the first authoritative source that rates AR, lists it as permissible, so the criterion is at the maximum.
AR is the payment token for a real service: permanent data storage.
This criterion asks whether the asset has real value as property (mal). AR is needed to buy storage on Arweave and is how miners are paid for storing data. Sharlife rates AR permissible, and the general dispute among scholars about whether crypto is property is not a weakness of this coin, so the criterion is at the maximum.
AR has no chance-based payout or meme mechanics; it pays for a measurable service.
Maysir is gambling: gaining or losing by chance rather than through productive exchange. AR is spent on storage and earned for storing data. Trading by speculators is not a feature of the token, so the criterion is at the maximum.
The network earns only storage fees for a real service; no lending or interest income.
This criterion asks how the network earns and whether any of that income is impermissible. Arweave earns one-time storage fees, which fund miners directly and through the endowment. CryptoUmmah finds no interest-bearing holdings or yield mechanisms at protocol level. No impermissible income is documented, so the criterion is at the maximum.
Supply and rules are public and the code is open, but 'storage forever' depends on long-term assumptions about falling storage costs.
Gharar is excessive uncertainty or hidden information. Arweave's supply cap, issuance and endowment rules are published in its yellow paper, and the node code is open source. The main uncertainty is in the core promise itself: the endowment can pay for permanent storage only if storage costs keep falling as the model assumes. CryptoUmmah also notes no named security audits. These lower the score slightly within pass.
AR is used to store archives, NFT media, websites and app data.
This criterion looks at what the asset is actually used for. AR pays for storing data such as archives, NFT metadata, publishing and app data, and Arweave has been used to store historical data of other blockchains. No dominant impermissible use is documented, so the criterion is at the maximum.
Fully paid spot AR is widely available and can be held in self-custody.
This criterion asks whether the asset can be owned in a permissible way. AR trades spot with full payment and delivery on major exchanges and can be held in an Arweave wallet. Ownership does not depend on derivatives or leverage, so the criterion is at the maximum.
Arweave preserves data and websites against loss and censorship; no fraud or hack involving AR is documented.
Maslahah weighs benefit against harm. Arweave helps preserve public records, archives and web content that would otherwise disappear. CryptoUmmah found no fraud allegations, rug-pull indicators or regulatory warnings. No concrete harm is documented, so the criterion is at the maximum.
How you can use it
Tap a card for the ruling and sourcesBuying AR with full payment and immediate delivery is widely available, and the tokens can be moved to a self-custody wallet. This is the clean way to own a HALAL-rated asset.
No AR exchange-traded fund was found as of 1 October 2026. A fund that holds AR itself and does not lend it would be judged like spot.
AR pays for storage on Arweave, but it is not used as general money. Tier-1 bodies such as Indonesia's MUI rule that using cryptocurrency as currency is not permissible.
Arweave has no staking: it is secured by mining with Proof of Access. Products marketed as AR staking get their return from somewhere else, usually lending, and must be checked.
Margin trading in AR is offered by some exchanges but is never acceptable: it is a deferred exchange with borrowed money and leverage (AAOIFI SS 20).
AR perpetual futures are offered on several exchanges, but futures, perpetuals and options always fail under AAOIFI SS 20: deferred exchange without delivery, usually with leverage.
Lending AR through exchange or DeFi lending programmes pays depositors interest from borrowers. This is riba.
AR pays holders nothing itself. Yield products on AR get their return from lending or similar interest-like sources and fail.
Scholars quotes
The opinion on this is the same as doing the same with any halal assets such as shares – 1) is permissible, 2) is more debatable and there are differing opinions on short-term trading.As I mentioned at the beginning of this article it is not necessary to substantiate the permissibility of something as long as there are no prohibited factors involved in it or surrounding it.Penggunaan cryptocurrency sebagai mata uang hukumnya haram, karena mengandung gharar (ketidakjelasan), dharar (bahaya) dan bertentangan dengan Undang-Undang nomor 7 tahun 2011 tentang Mata Uang dan Peraturan Bank Indonesia nomor 17 tahun 2015 tentang Kewajiban Penggunaan Rupiah di Wilayah Negara Kesatuan Republik Indonesia.Sebagaimana mata wang yang lain, mata wang digital hendaklah tidak digunakan sebagai bayaran kepada barangan, perkhidmatan dan aktiviti tidak patuh Syariah seperti pembelian dadah, pelacuran, perjudian dan pendanaan aktiviti keganasan serta penggubahan wang haram.The SAC has also resolved that investment and trading of Digital Assets that fulfil the above requirements and which are traded on Digital Asset Exchange (DAX) registered with SC are permissible.Third: In light of the above and given the significant risks associated with this type of currencies and the instability of their transactions, the Council of the Academy recommends pursuing research and studies on issues affecting its ruling.Bitcoin is a digital currency that does not meet the legal and Sharia criteria that make it a currency subject to the rulings of dealing with official legal currencies recognized internationally.بناءً على ذلك: فلا يجوز شرعًا تداول عملة "البتكوين" والتعامل من خلالها بالبيعِ والشراءِ والإجارةِ وغيرها، بل يُمنع من الاشتراكِ فيها؛ لعدمِ اعتبارِها كوسيطٍ مقبولٍ للتبادلِ من الجهاتِ المخُتصَّةِ، ولِمَا تشتمل عليه من الضررِ الناشئ عن الغررِ والجهالةِ والغشِّ في مَصْرِفها ومِعْيارها وقِيمتها، فضلًا عما تؤدي إليه ممارستُها من مخاطرَ عاليةٍ على الأفراد والدول.According to research and opinion of experts so far, cryptocurrency is not considered ‘ maal ’ (wealth) in Sharia.Muhammadiyah memandang transaksi dan investasi kripto pada dasarnya mubah (boleh) tetapi dengan syarat tertentu.Our current position is 'tawaquf'; we can't say it is halal or haram, but we say it is better not to engage in itAI-assisted analysis checked against sources. Not a fatwa or investment advice.
Where it trades
Section in preparation
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